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Niraku GC Holdings (HKSE:01245) Receivables Turnover : 104.82 (As of Sep. 2023)


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What is Niraku GC Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Niraku GC Holdings's Revenue for the six months ended in Sep. 2023 was HK$698 Mil. Niraku GC Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$7 Mil. Hence, Niraku GC Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 104.82.


Niraku GC Holdings Receivables Turnover Historical Data

The historical data trend for Niraku GC Holdings's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Niraku GC Holdings Receivables Turnover Chart

Niraku GC Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 502.73 561.47 329.73 309.96 260.69

Niraku GC Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 214.32 202.83 125.25 120.89 104.82

Competitive Comparison of Niraku GC Holdings's Receivables Turnover

For the Resorts & Casinos subindustry, Niraku GC Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Niraku GC Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Niraku GC Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Niraku GC Holdings's Receivables Turnover falls into.



Niraku GC Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Niraku GC Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=1455.304 / ((4.882 + 6.283) / 2 )
=1455.304 / 5.5825
=260.69

Niraku GC Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=698.367 / ((6.283 + 7.042) / 2 )
=698.367 / 6.6625
=104.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Niraku GC Holdings  (HKSE:01245) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Niraku GC Holdings Receivables Turnover Related Terms

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Niraku GC Holdings (HKSE:01245) Business Description

Traded in Other Exchanges
N/A
Address
1-39 Hohaccho 1-chome, Fukushima, Koriyama-shi, JPN, 963-8811
Niraku GC Holdings Inc is an investment holding company. The firm is also engaged in operating pachinko halls. The operating segments of the company include Pachinko and Pachislot hall operations, amusement arcade operations, vending machines, hotel operations, restaurant operations in China, and Others. The company derives the majority of its revenue from the pachinko and pachislot hall business.

Niraku GC Holdings (HKSE:01245) Headlines

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